A new Oxfam report of inequality on wealth, entitled “An economy for the 99%“, find super-rich people like Gates have seen collectively grow by huge margins from last decade. Within next 25 years, Gates wealth could jump like never seen before.
After leaving Microsoft in 2006, Gates devoted himself and resources to eradicating infectious disease and improving education worldwide through the Bill and Melinda Gates Foundation.
As of 2013, Gates which had donated at least $28 billion to Gates Foundation. Useless the 61-year-old he could enter the never-before-seen class of wealth by the time he is 86.
But according to Oxfam notes, wealth is incredibly hard to shrink once some is so rich that spending is no longer an option.
Bill Gate could be $915.6 billion away from becoming the world’s first ever trillionaire, but according to new research published it is more closed than some thinks.
In other words, Oxfam estimates that if trends hold, Gates — who’s leading the pack on Forbes’ list of the wealthiest individuals, at $84.4 billion in net worth — could stand alone on Forbes’ future list of “The World’s Trillionaires.”
In partnership with Warren Buffet, Bill and his wife created the Giving Pledge for other billionaires who want to help public causes through giving away part of most of their fortunes. The Gateses have also said they don’t plan on leaving their children b
There were 793 billionaires in 2009 worldwide with net worths totaled at $2.4 trillion. By 2016 the richest 793 people maintained net worths at $5 trillion — an annual growth rate of 11%, according to report.